Asked by
MALLORY STEFFES
on Nov 30, 2024
Verified
An agent may lose the right to compensation:
A) by breaching the agency contract willfully and deliberately.
B) if the specified result of the contract is not obtained.
C) if the duty of loyalty is breached.
D) In all of these situations.
Duty of Loyalty
A legal and ethical obligation requiring individuals, particularly directors and officers of a corporation, to act in the best interests of the corporation and its shareholders.
- Identify the commitments related to loyalty, accounting, and informing that, by law, agents need to honor towards their principals.
Verified Answer
LB
Learning Objectives
- Identify the commitments related to loyalty, accounting, and informing that, by law, agents need to honor towards their principals.